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A U.S. Grains Council market report says the recent dry-bulk freight rally is losing momentum, with Baltic Freight Futures adjusting lower toward physical rates. Capesize values fell most sharply and the 2017 forward outlook weakened.
Softer dry-bulk freight lowers ocean costs for grain and feed-ingredient shipments, which can support export competitiveness. Forward curves signal limited confidence that current rates will hold.
grains.orgDec 8, 2016grains.orgDec 8, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
